FBI Issues First Cryptocurrency Fraud Report Highlighting State Losses
Wednesday, 11 September 2024, 08:05
FBI's Groundbreaking Cryptocurrency Fraud Report
The FBI has released its first cryptocurrency fraud report, revealing staggering losses exceeding $5.6 billion in 2023. Among the states with the most instances, Pennsylvania stands out, ranking 8th in the number of complaints, totaling 1,773, and 9th in financial losses surpassing $123 million.
Key Findings from the Report
- Investment scams linked to cryptocurrency are the most common fraud type.
- Tech support scams, data breach scams, and romance crimes are also prevalent.
- The decentralized nature of cryptocurrency contributes to its misuse.
These findings emphasize the urgent need for increased awareness and protective measures against cryptocurrency fraud.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.